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Thursday, 3 April 2014

Economy

This recovery would not be happening without the Liberal Democrats. Our economy is growing because of the hard work of people and businesses throughout Britain. The Coalition's economic plan is the rock on which our recovery is being built.

Three and a half years in, and the Coalition’s priority is still the same: fixing the economy and cleaning up the mess Labour left behind.

That task has never been simply about balancing the books. We inherited an economy that had become profoundly unbalanced. Growth was driven almost entirely by one industry: financial services. Almost exclusively from one city: London. And behind the boom was a nation becoming less productive and less competitive. For years governments had simply papered over the cracks.

The Liberal Democrats didn’t come into Government just to make cuts. For us, this has always been about setting in motion a much more fundamental overhaul of our economy so that Britain never finds itself here again. That is not something you can do overnight. There are no quick fixes. No shortcuts to prosperity. It is a slow and steady process.